Weavers to access thrift scheme money ahead of lock-in period

The State government will permit weavers access money accrued under the ‘Nethannaku Cheyutha’ thrift scheme immediately as a relief measure, in the face of COVID-19 pandemic, instead of them waiting for completion of a three-year lock-in period to do so.

About 26,500 weavers in the State stood to benefit from the decision of Industries Minister K.T. Rama Rao, said an official release on a review he undertook of the various initiatives of the department of handlooms and textiles on Saturday.

Under the scheme, weavers have a lock-in period of three years, from the time of their joining, before ...